Free Trial

Second wave sales on extended react to soft...>

CABLE
CABLE: Second wave sales on extended react to soft UK Retail Sales touched fresh
10-month lows of $1.2983. Following yesterday's weak CPI print, GBPUSD continues
to underperform and is bottom of the G10 pile this  week with losses of 1.87%
against the USD. MNI's PINCH model ticks lower to 78% for a rate hike at next
months MPC. Rate finds a base and bounces at typing, last $1.3005. EURGBP last
Gbp0.8930. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.